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Moderna Backpedals, Guarantees ‘Free’ Covid-19 Vaccines After Demand Collapses: So, What Changed?
Nation and State ^ | 02/20/2023 | Tyler Durden

Posted on 02/20/2023 5:15:46 PM PST by SeekAndFind

mRNA vaccine maker Moderna has backpedaled on a January plan to charge $110 to $130 per dose of Covid-19 vaccine (up from $26 per dose for booster shots), and is now promising that people won't have to pay for the jab once the US Government stops buying shots.

"Moderna remains committed to ensuring that people in the United States will have access to our COVID-19 vaccines regardless of ability to pay," the company said in a statement, adding that the vaccine "will continue to be available at no cost for insured people whether they receive them at their doctors’ offices or local pharmacies."

Those without insurance - or whose insurance is inadequate, will be able to get jabbed "at no cost" via a Moderna assistance program.

As The Epoch Times notes,

Because the COVID-19 vaccines were added to the child immunization schedule, children whose families cannot pay for the vaccine will be eligible to receive them for free, with taxpayers covering the cost.

That would happen through a program called Vaccines for Children.

Advisers to the government, who recommended the addition to the schedule, said it was because the vaccines can prevent severe illness. The new vaccines, poised to replace the original shots, are not backed by any clinical trial data yet.

Dr. Rochelle Walensky, director of the U.S. Centers for Disease Control and Prevention (CDC), said that the only reason the vaccines were placed on the schedule was so they could be covered by the Vaccines for Children program.

“It was the only way that our uninsured children would be able to have access to the vaccines,” Walensky said during a congressional hearing on Feb. 8. “That was the reason to put it on the schedule.”

* * *

The announcement comes amid a collapse in demand for Covid-19 vaccines.

According to analyst estimates, Pfizer, Moderna, Gilead Sciences, AstraZeneca and Merck could suffer a drop in sales of nearly two-thirds, Reuters reports.

"We remain skeptical that COVID revenues will grow in 2024 and beyond," said JPMorgan analyst Chris Schott in a recent research note, adding that vaccination rates could drop even further than the significant decline already seen in booster shots last year.

Moderna also expects 2023 revenue to drop sharply.

The company's only product - its messenger RNA COVID vaccine - pulled in around $18.4 billion in 2022. Analysts expect that to drop to around $7 billion in 2023. The company is due to report earnings later this month.

Oppenheimer & Co analyst Hartaj Singh said investors are "frustrated Moderna hasn't used their firepower more effectively to prepare for revenues and earnings going down in 2023 or 2024." -Reuters

What changed?


TOPICS: Business/Economy; Health/Medicine; Science; Society
KEYWORDS: bigpharma; covid; demand; moderna; vaccine

1 posted on 02/20/2023 5:15:46 PM PST by SeekAndFind
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To: SeekAndFind

Do they include a free funeral?


2 posted on 02/20/2023 5:23:14 PM PST by devere
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To: SeekAndFind

Xlation: we will murder you for free.


3 posted on 02/20/2023 5:33:02 PM PST by Secret Agent Man (Gone Galt; not averse to Going Bronson.)
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Do they come with a coupon for a free angioplasty?


4 posted on 02/20/2023 5:42:26 PM PST by dsrtsage ( Complexity is just simple lacking imagination)
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To: SeekAndFind

How in the heck did Trump not negotiate a better deal on these things? The government didn’t just advertise the product - they bought most of it! A product only possible because Trump moved the bureaucracy AND they tell us that our NIH owned part of the “technology”.

Regardless of what you think about the shot (I am not a fan and it gets worse by the week), just as a transactional deal I can’t wrap my head around 50 plus billion in profits for the big two AND they even got immunity built into the deal!


5 posted on 02/20/2023 5:46:38 PM PST by volunbeer (We are living 2nd Thessalonians)
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To: SeekAndFind

Oh boy! Free death jabs!


6 posted on 02/20/2023 6:24:57 PM PST by drypowder
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To: SeekAndFind

Q: Would you accept the jab if they paid you?
A: Well? How much will they pay me? And is there any free narcotics with that?


7 posted on 02/20/2023 6:43:15 PM PST by Honest Nigerian
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To: SeekAndFind
"What changed?"

.

Demand collapsed. Why?
Many of the prospective (and previous) Vax recipients are now dead.
Many others are awakening from their stupor, and deciding that
'Becoming Dead' is NOT on their list of short-term life goals nor priorities.

That would be two of my guesses.....

8 posted on 02/20/2023 7:10:45 PM PST by GaltAdonis
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To: SeekAndFind

Moderna = modified experimental RNA contains graphene. Look up what it does.


9 posted on 02/20/2023 8:13:19 PM PST by IAGeezer912 (One out of every 20 people on the face of the earth are Americans. We have won life's lottery.)
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To: SeekAndFind

Free death.


10 posted on 02/21/2023 7:16:03 AM PST by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
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